8 - Kuwait Oil Company

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share their experiences, andengage in teamwork withinKOC and outside the company• The creation of a structure toreward successful employeesAl-Abbasi also briefed theattendants on the nature of futureTechnology Days and affirmedthe group’s commitment towardorganizing the event at least onceevery two years, adding thatfuture events will hopefully bebroader in scope and vision.A brief recap of the importantpoints covered during KOC’s FirstTechnology Day:CIT Manager Hisham Al-Nouri receives a certificate from the KOC C&MD• Technology enables us toimprove performance andenhance operations in light of thechallenges we face• KOC is in the process ofbuilding a new Research andDevelopment Center that willserve as a major milestone for thecompany• KOC has made manyachievements in reservoirmanagement and has kept abreastof advancements in technologyTL (FD-Gas) Qasem Dashti receives a certificate from the KOC C&MD• The company is very awareof its role in society and iskeen to apply new technologiesthat will help it live up to itsresponsibilities toward theenvironment• Mariam Al-Saeed, TeamLeader - Research & TechnologySubsurface Team: Our internalgoal for KOC includes thepromotion of understanding andcooperation among staff, whichextends to the sharing of valuabletechnological information. •Manager, Fields Development Group (WK) Hasan Ali Bunain receives a certificate fromthe KOC C&MD14 April-June 2012
The Chairman's Opening MessageLadies and gentlemen,It gives me great pleasure to welcome you to the KOC Technology Day.The dedication of this day is a clear projection of our recognition thatmaximum deployment of modern technology is the main drive for sustainedgrowth and development.Technology is crucially important to improve performance and enhanceoperations in light of the mounting challenges facing the oil and gas sector.Our company is heavily invested to optimize the recovery from existingreservoirs and capture the potential of new frontiers. Production tomeet demands with the lowest cost also remains a formidable challengeto deal with, because this involves a delicate balancing act.As such, we cannot meet these challenges without an aggressive plan ofembracing and implementing technology.Research and technology constitutes a key component of KOC 2030; itclearly imposes the importance of technology as it is the fifth strategicobjective. We are now steadily moving from knock-door technology to afull management and process-oriented technology.As a matter of fact, we are in the process of building a new Researchand Development Center which will be a key milestone in this path. Atleast 350 scientists will be working in this 250,000 square meter center.And in line with our vision, this will lead us to sustain our leadershipin <strong>Kuwait</strong>, and be one of the leaders in the GCC, in providing upstreamtechnology solutions.KOC has registered numerous achievements in the technology domain,notably projects such as KwIDF, Sahala, and most advanced reservoircharacterization and management technology.As much as we are eager to implement new technologies, we are correspondinglymindful of our responsibilities toward the environment. Forthis reason, KOC will continue to strictly adhere to its HSE regulationsand standards.Today will illustrate the value created by the alignment of strategy,people, and technology.I do encourage all the participants to share experience and best practicesthrough the day to deliver the advancement of the <strong>Company</strong> as awhole.With this note, I am pleased to declare the Opening of KOC TechnologyDay.Thanks for your kind attention.April-June 201215
Page 2 and 3: April - June 2012The Kuwaiti Digest
Page 4 and 5: Khaled Madhi Al-KhameesDeputy Manag
Page 6 and 7: International delegates participate
Page 8 and 9: KPC Board Members Visit KOC SitesKO
Page 10 and 11: Kuwait Oil & Gas Summit 2012KOC Cha
Page 12 and 13: is expected to grow to an annualrat
Page 14 and 15: KOC Organizes First Technology DayA
Page 18 and 19: Arab Oil & Gas Magazine: Al-Zanki,A
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Page 34 and 35: KOC’s Environmental AchievementsA
Page 36 and 37: 3rd Annual Production OptimizationM
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Page 42 and 43: Decades of ServiceMadathil Nair Rec
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Page 46 and 47: TETRATErrestrial Trunked RAdioSubmi
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8 - Kuwait Oil Company

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